ICICI Lombard General Insurance Ltd. is one of the largest private sector general insurance company in India offering insurance coverage for motor, health, travel, home, student travel and more. Policies can be purchased and renewed online as well. Immediate issuance of policy copy online.

Insured's Declared Value (`)

IDV stands for Insured's Declared Value. It states the current market value of the
vehicle. IDV is calculated on the basis of the manufacturer's listed selling price
of the vehicle (plus the listed price of any accessories) after deducting the depreciation
for every year as per the schedule provided by the Indian Motor Tariff.